Options Action Recap: eBay to Get a Bid, Goldman to Get “Sached”?

eBay and GoldmanSachs are two of the big companies reporting earnings this week, and if the traders on Friday's "Options Action " are right, they're heading in opposite directions.

First off, the trade on Goldman . RiskReversal.com's Dan Nathan pointed out that the stock, along with many of the financials, has run up very quickly — or as he put it, "There's a lot of good news in these stocks."

Then there's the technical aspect. Nathan noted that Goldman seemed to be trading in a "double top, " further burnishing his bearish case.

Bid on eBay Into Earnings?

Is eBay on track to rise 20 percent by the end of the year? The company reports earnings next week, after spiking 57 percent year to date, with CNBC's Melissa Lee and the Options Action traders.

However, because he does not expect the stock to fall sharply off of the earnings event, Nathan suggested making a more nuanced bearish trade.

Specifically, he recommended buying an October/November 115-strike put calendar for $1.40. And that trade must have sounded good to some other folks, too — those October and November 115-strike puts were two of the three most heavily traded GS puts today.

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